GPK Options History — August 2018

In August 2018, GPK traded between $14.12 and $14.53. ATM implied volatility averaged 22.1%, placing in the 27.4% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 4.1% (HV 20d: 17.9%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.04.

Notable Days

  • 2018-08-13: Highest Volume — 1,385 contracts
  • 2018-08-13: Largest IV spike — 46.1% change
  • 2018-08-14: Highest IV Rank — 62.6%
  • 2018-08-17: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.30$14.12$14.53$14.23$14.21
Max Pain$12.83$12.50$15.00$15.00$12.50
ATM IV22.1%15.2%34.8%22.8%19.4%
Expected Move6.2%4.4%7.1%6.5%5.6%
HV 20d17.9%13.5%21.0%20.6%15.2%
HV 60d18.5%17.5%20.2%20.2%18.0%
IV Rank27.4%8.6%62.6%29.4%20.1%
IV Percentile25.0%0.8%92.5%23.4%9.5%
Term Structure0.8%-3.8%9.7%-3.8%-1.1%
VWIV22.9%15.1%38.7%25.5%17.2%
Skew 25d-2.6%-6.8%9.9%-1.9%-3.3%
Skew 10d-3.2%-7.3%7.4%-2.1%-5.2%
Call IV 25d22.3%14.9%26.8%26.8%22.0%
Put IV 25d19.7%17.5%24.9%24.9%18.8%
Bid-Ask Spread %15.396.8491.8726.406.91
Gamma HHI0.930.890.950.910.94
Net GEX528.4K421.6K644.5K499.9K530.7K
Net DEX-4.4M-5.8M-3.4M-4.8M-3.4M
Net VEX-16.0K-20.8K-11.6K-20.2K-11.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.040.010.080.010.07
Total Volume1,013.136191,3851,349695
Total OI13,749.47813,21314,15114,10213,315

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-08-01$14.23$15.0022.8%6.5%20.6%29.4%25.5%-1.9%-3.8%499.9K-4.8M-20.2K0.0126.401,341813,328774
2018-08-02$14.25$15.0015.2%4.4%20.6%8.6%15.1%4.0%7.7%494.7K-4.7M-19.7K0.018.611,341813,323774
2018-08-03$14.40$15.0017.7%5.1%21.0%15.5%15.4%9.9%9.7%550.5K-5.5M-20.8K0.018.001,346813,323774
2018-08-06$14.38$12.5024.3%6.4%20.6%33.5%22.6%-3.4%1.0%583.9K-5.3M-20.3K0.019.371,346813,328774
2018-08-07$14.53$12.5020.3%6.3%20.1%22.4%22.1%-1.3%2.1%644.5K-5.8M-20.6K0.018.111,363813,328774
2018-08-08$14.42$12.5015.5%6.3%20.0%9.3%22.1%-1.9%2.3%590.2K-5.3M-19.5K0.018.581,363813,338772
2018-08-09$14.36$12.5016.9%6.4%19.4%13.3%22.2%-3.5%1.4%558.2K-4.9M-18.5K0.0110.651,3631913,338772
2018-08-10$14.21$12.5022.8%6.4%19.5%29.5%22.6%-4.8%1.2%488.8K-4.1M-16.9K0.0113.931,3661113,338784
2018-08-13$14.14$12.5033.3%6.1%19.5%58.4%21.6%-4.4%1.7%448.6K-3.4M-14.0K0.0116.001,3741113,338784
2018-08-14$14.31$12.5034.8%6.7%20.0%62.6%23.3%-3.5%0.6%545.5K-4.6M-17.3K0.018.071,3391113,348784
2018-08-15$14.30$12.5019.3%5.5%19.9%19.9%22.0%-4.9%1.4%556.5K-4.4M-16.2K0.0191.871,1121113,347784
2018-08-16$14.27$12.5022.6%6.5%19.7%29.0%22.6%-1.2%1.7%496.9K-4.3M-16.0K0.0311.761,1123413,357784
2018-08-17$14.19$12.5024.8%7.1%19.6%35.1%25.0%-3.4%-0.6%446.2K-4.1M-15.8K0.0612.786393713,357794
2018-08-20$14.37$12.5023.7%6.8%19.7%32.0%23.8%-5.4%-1.2%504.7K-4.3M-15.3K0.0414.685962312,446767
2018-08-21$14.38$12.5023.1%6.6%14.2%30.2%23.2%-4.4%-0.5%535.5K-4.4M-14.9K0.0412.786092312,446767
2018-08-22$14.15$12.5023.3%6.7%14.6%30.9%23.8%-6.8%-0.9%444.1K-3.5M-13.2K0.0412.866242312,471767
2018-08-23$14.16$12.5019.2%5.5%14.0%19.5%19.3%-4.6%-0.5%460.8K-3.6M-13.3K0.0814.936245112,486767
2018-08-24$14.35$12.5020.6%5.9%14.8%23.3%20.7%-2.8%1.0%563.0K-3.9M-13.7K0.0814.926245112,486799
2018-08-27$14.46$12.5022.0%6.3%15.1%27.3%22.0%-2.2%-1.3%614.6K-4.4M-13.7K0.0810.076405112,486799
2018-08-28$14.33$12.5021.5%6.2%15.1%25.8%22.0%-2.5%-1.0%574.6K-3.8M-12.4K0.0612.726494212,500799
2018-08-29$14.42$12.5021.8%6.3%13.5%26.8%34.4%-2.5%-1.2%598.9K-4.0M-12.6K0.0713.046474812,504799
2018-08-30$14.12$12.5022.2%6.4%15.5%27.9%38.7%-5.1%-1.2%421.6K-3.6M-11.7K0.076.846474812,507808
2018-08-31$14.21$12.5019.4%5.6%15.2%20.1%17.2%-3.3%-1.1%530.7K-3.4M-11.6K0.076.916474812,507808